Discussion in 'Bullion Investing' started by myownprivy, Feb 4, 2017.
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I have done random year twice so far and got all 2016 and then all 2015. I have 3 tubes of random to go through. I'll post the results when I get a chance to go through them.
I'm seeing $70 over face, $1387 and change with spot at 1318?
Must have reached their quota and raised it after I posted
Sorry about that.
2003 (Milk spotty on a few and some scratches)
Random 1 oz Gold Krugerrand...looks to be $12 over spot as of this posting:
Aw, man, I don't normally collect non-US stuff, but those 20 and 50 designs...
Once again, if a place that makes its living buying and selling PMs thinks it's a good time to be selling at spot... I'm thinking maybe it's not the best time to buy?
Provident gets these metals way under spot since they buy massive quantities in the hundreds of thousands of ounces.
Then will make a profit when they sell to you over spot, plus the profit from what they paid.
Then when you sell it back, they will offer you under spot and sell to someone else over spot.
Rinse and repeat this several thousand times and you make a lot of money. They wouldn't keep their doors open and be able to offer free shipping if they didn't make money.
It's the miners right now and the investors like us that are taking the beato down right now!
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